Housing Revenue Account Development Programme Update (Key Decision)

July 23, 2024 Cabinet (Cabinet collective) Key decision Approved View on council website

This summary is generated by AI from the council’s published record and supporting documents. Check the full council record and source link before relying on it.

Summary

...to note the progress of the Housing Revenue Account (HRA) development programme, approve the business case for affordable housing acquisition within Newark and Sherwood utilizing the phase 6 development programme budget, and give in principle approval for the acquisition of eight s106 homes at Collingham, subject to due diligence and final approval by the Director – Housing, Health & Wellbeing in consultation with the Portfolio Holder for Housing.

Full council record

Decision

AGREED      that Cabinet:
 

a)           
notes the progress of the HRA development
programme;

 

b)           
approves the business case for affordable housing
acquisition within Newark and Sherwood (in addition to development)
utilising the phase 6 development programme budget; and
 

c)            
gives, in principle, approval for the acquisition of
eight s106 homes at Collingham, utilising the Phase 6 Development
Programme budget, subject to the usual legal due diligence checks,
delegating final approval to the Director – Housing, Health
& Wellbeing in consultation with the Portfolio Holder for
Housing and to a maximum value as set out in the exempt
appendix.

Supporting Documents

Item 19 - HRA Development Programme Update.pdf

Details

OutcomeRecommendations Approved
Decision date23 Jul 2024
Subject to call-inYes